Prediction: This Is Where Nike's Stock Will Finish 2026
The stock is likely heading below $30.
Overview
Nike (NYSE: NKE)'s stock keeps on hitting new lows and may end up falling to below $30 before the end of 2026. The company is in the midst of a turnaround that could conceivably take years to complete, and even then, it's not a guarantee to be successful. New CEO Elliott Hill took over nearly two years ago, and it's hard to say that the business is really going in the right direction.
Here's why I think Nike's stock is likely to continue to decline, and when it might be worth buying.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.